UAE-based investment firm IHC reported strong first-quarter 2026 results, with revenue rising 33.2% year-on-year to AED 31.4 billion ($8.5 billion). Additionally, profit after tax surged 98.5% to AED 8.2 billion ($2.2 billion), supported by strong operating performance and investment income across its diversified portfolio.
The company said growth during the quarter reflected contributions from core business segments, margin expansion, portfolio optimisation, and a resilient balance sheet. Moreover, total assets reached AED 445.3 billion ($121.2 billion) as of March 31, 2026, compared with AED 428.6 billion ($116.7 billion) at the end of 2025.
Total equity rose to AED 249.1 billion ($67.8 billion), while cash and bank balances stood at AED 74.7 billion ($20.3 billion). As a result, the group maintained strong liquidity and investment capacity, alongside a quick ratio of 2.7x.
Management Highlights Portfolio Strength
Syed Basar Shueb, CEO of IHC, said: “Q1 2026 marks a strong start to the year, reflecting the continued execution of our strategy to scale high-performing platforms and optimise capital allocation across the portfolio.
“Our performance demonstrates the strength of our diversified model, with broad-based growth, margin expansion, and a significant uplift in profitability.
“We continue to recycle capital into high-conviction opportunities, expand our global footprint, and accelerate the transformation of our platforms into globally competitive businesses.
“With a disciplined approach and strong liquidity, we are well-positioned to sustain momentum and deliver long-term shareholder value.”
Strategic Investments and Global Expansion
During the quarter, IHC announced several strategic investments, acquisitions, and partnerships across energy, financial services, infrastructure, technology, and healthcare. Additionally, the group entered a strategic collaboration with the US International Development Finance Corporation to support investments across emerging markets.
The company also completed the acquisition of a 26.7% stake in India’s Sammaan Capital for $600 million. Moreover, ePointZero agreed to acquire 100% of Traverse Midstream Partners for $2.25 billion, expanding exposure to global gas infrastructure.
Elsewhere, 2PointZero Group invested in WHOOP’s Series G financing round and acquired a 60.8% stake in ISEM Packaging Group to strengthen its presence in European luxury and consumer markets. Additionally, Beltone Capital acquired a full stake in Baobab Bank as part of its expansion into African microfinance markets.
Stablecoin Approval and Sustainability Initiatives
IHC, Sirius International Holding, and First Abu Dhabi Bank also received UAE Central Bank approval for the UAE dirham-backed stablecoin DDSC. Therefore, the initiative aims to support institutional payments, settlement activity, and trade flows.
The company also highlighted sustainability and international engagement initiatives during the quarter, including participation in the World Economic Forum Annual Meeting 2026 in Davos through IHC House. Moreover, IHC announced a multi-year partnership with Global Citizen focused on poverty reduction, youth empowerment, and sustainability programmes.
Several portfolio companies also received recognition for sustainability and innovation initiatives, including NMDC Group, Emirates Driving Company, and Esyasoft.
IHC said it remains focused on sustaining growth through disciplined capital allocation, portfolio optimisation, and continued global expansion across strategic sectors.
